Takakita : Summary of Non-Consolidated Financial Results for the Six Months Ended September 30, 2022

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results for the Six Months Ended September 30, 2022 (Based on Japanese GAAP)

					October 31, 2022
Company name:	Takakita Co., Ltd.
Stock exchange listing:	Tokyo, Nagoya
Stock code:	6325	URL http://www.takakita-net.co.jp
Representative:	Representative Director and President	Mitsuo Matsumoto
Inquiries:	Division Manager,	Atsushi Nakabou	TEL [phone]
Corporate Administration Division
Scheduled date to file Quarterly Securities Report:	November 4, 2022
Scheduled date to commence dividend payments:	December 1, 2022
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	Yes	(for institutional investors)

(Amounts less than one million yen are rounded down)

1. Non-consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)

(1) Non-consolidated operating results (cumulative)									Percentages indicate year-on-year changes
	Net sales				Operating profit	Ordinary profit		Profit
	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%
Six months ended September 30, 2022	3,830		1.2		386		3.4		414		5.9		279		6.0
Six months ended September 30, 2021	3,785		19.7		373		141.9		391		129.9		263		137.6
	Earnings per share		Diluted earnings per share
				Yen						Yen
Six months ended September 30, 2022			24.54						24.29
Six months ended September 30, 2021			22.84						22.64
(2) Non-consolidated financial position
	Total assets			Net assets		Equity ratio
	Millions of yen			Millions of yen				%
As of September 30, 2022			8,865						6,845				76.6
As of March 31, 2022			8,647						6,899				79.2
2. Cash dividends
							Annual dividends per share
	1st quarter-end		2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen			Yen			Yen			Yen			Yen
Year ended March 31, 2022			-		5.00				-			5.00			10.00
Year ending March 31, 2023			-		5.00
Year ending March 31, 2023 (Forecast)											-			5.00			10.00

3. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit		Earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	7,200	2.5	400	(24.5)	450	(24.2)	300	(25.0)	26.67

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4. Notes

1. Application of special accounting methods for preparing quarterly non-consolidated financial statements: No
2. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of September 30, 2022	14,000,000	shares	As of March 31, 2022	14,000,000	shares
Number of treasury shares at the end of the period
	As of September 30, 2022	2,906,217	shares	As of March 31, 2022	2,506,217	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2022	11,379,497	shares	Six months ended September 30, 2021	11,535,934	shares

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Quarterly non-consolidated financial statements

Non-consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2022	As of September 30, 2022
Assets
Current assets
Cash and deposits	1,204,439	574,677
Notes and accounts receivable - trade	1,107,782	891,553
Electronically recorded monetary claims - operating	1,137,763	1,669,245
Merchandise and finished goods	781,851	887,942
Work in process	139,389	192,141
Raw materials and supplies	321,661	519,212
Accounts receivable - other	365,848	722,334
Other	15,892	28,973
Total current assets	5,074,629	5,486,081
Non-current assets
Property, plant and equipment
Buildings, net	1,010,610	982,072
Machinery and equipment, net	299,783	268,194
Land	559,638	559,638
Other, net	173,679	182,080
Total property, plant and equipment	2,043,713	1,991,985
Intangible assets	209,475	187,671
Investments and other assets
Investment securities	956,791	836,659
Other	363,577	363,448
Allowance for doubtful accounts	(666)	(606)
Total investments and other assets	1,319,702	1,199,501
Total non-current assets	3,572,891	3,379,158
Total assets	8,647,520	8,865,239
Liabilities
Current liabilities
Notes and accounts payable - trade	360,026	441,801
Electronically recorded obligations - operating	502,242	776,524
Short-term borrowings	70,000	70,000
Income taxes payable	151,283	138,480
Provision for bonuses	113,945	113,656
Other	309,529	279,197
Total current liabilities	1,507,029	1,819,660
Non-current liabilities
Provision for retirement benefits	175,923	153,298
Provision for retirement benefits for directors (and other	4,100	4,100
officers)
Other	60,841	42,928
Total non-current liabilities	240,866	200,326
Total liabilities		1,747,896	2,019,987

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			(Thousands of yen)
		As of March 31, 2022	As of September 30, 2022
Net assets
Shareholders' equity
Share capital	1,350,000	1,350,000
Capital surplus	832,196	832,196
Retained earnings	4,894,888	5,116,685
Treasury shares	(649,492)	(850,692)
Total shareholders' equity	6,427,592	6,448,189
Valuation and translation adjustments
Valuation difference on available-for-sale securities	420,717	338,348
Deferred gains or losses on hedges	625	349
Total valuation and translation adjustments	421,342	338,698
Share acquisition rights	50,689	58,364
Total net assets	6,899,624	6,845,252
Total liabilities and net assets		8,647,520	8,865,239

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Non-consolidated statements of income (cumulative)

			(Thousands of yen)
		Six months ended	Six months ended
		September 30, 2021	September 30, 2022
Net sales	3,785,608	3,830,665
Cost of sales	2,558,607	2,561,401
Gross profit	1,227,000	1,269,264
Selling, general and administrative expenses	853,479	882,925
Operating profit	373,520	386,338
Non-operating income
Interest income	2	2
Dividend income	7,219	15,751
Rental income from real estate	11,759	11,626
Other	3,786	3,483
Total non-operating income	22,767	30,863
Non-operating expenses
Interest expenses	126	118
Rental costs on real estate	2,677	2,790
Loss on cancellation of leases	2,000	-
Other	357	276
Total non-operating expenses	5,161	3,185
Ordinary profit	391,126	414,016
Extraordinary income
Gain on sale of non-current assets	269	499
Total extraordinary income	269	499
Extraordinary losses
Loss on abandonment of non-current assets	-	31
Loss on sale of investment securities	-	211
Total extraordinary losses	-	242
Profit before income taxes	391,396	414,273
Income taxes - current	117,106	124,064
Income taxes - deferred	10,860	10,943
Total income taxes	127,966	135,008
Profit		263,429	279,265

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